Five-Unit Apartment
For Sale
$1,525,000
320 Lime St, Inglewood, CA 90301
Residential Income, Mid-Century, Inglewood, CA
Property Size5,952 SF
Lot Size0.18 Acres
Price / SF$256.22
Days on Market66
Property Features for 320 Lime St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
INR3YY
Bedrooms
11
Bathrooms
9
Full bathrooms
9
Rooms
Bathroom 4, Bathroom 6, Bedroom 8, Bedroom 6, Bedroom 2, Bedroom 1, Laundry Room, Den, Bedroom 3, Bedroom 10, Bathroom 5, Bathroom 8, Bathroom 9, Bedroom 4, Bathroom 1, Bedroom 5, Bedroom 11, Bedroom 9, Bathroom 7, Bedroom 7, Bathroom 2, Bathroom 3
Parking features
Carport, Garage
Window features
Double Pane Windows
Interior features
220V Throughout, Common Walls, Built-Ins, Drywall Walls, Living Room Balcony
Fireplace
1
Appliances
Built-In Electric, Cooktop - Electric, Electric, Oven-Electric, Gas/Electric Range
Lot features
Curbs, Front Yard
Elementary school district
Inglewood Unified
Middle school district
Inglewood Unified
High school district
Inglewood Unified
Directions
Take Manchester Blvd to Inglewood Ave turn south, go 3 blocks to Lime St turn east, go to middle of block, subject building on south side of street.
Subdivision
North Inglewood
Standard status
Active
APN
4020-013-004
Size
5,952 SF
Lot size
0.18 Acres
Utilities
Heating system
Forced Air
Cooling system
Central Air, Electric
Amenities
fireplaces
balconies
Building Details
Year built
1963
Floors in Building
2
Number of units
5
Flooring type
Laminate, Tile - Ceramic, Carpet
Roof type
Flat
Architectural style
Other
Listing Agency:
Realty Executives Westside · Realty Executives International
(310) 737-1992
Listed By:
Eugene Anthony · License #00634953
(213) 700-1071
Added: Jun 25
Changed: Aug 19
Last Checked: Aug 29 at 4:06AM
MLS# 26858415
Copyright © 2026 The MLS/CLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This five-unit apartment building features a mix of unit sizes, including two 3-bedroom units with den areas and 1.75 baths, two 2-bedroom units with 1.75 baths, and one 1-bedroom/1-bath unit. The two 3-bedroom units include fireplaces and balconies. The building is all electric with copper plumbing throughout. Interior features include built-ins and drywall walls, and many units have tile, laminate, and carpet flooring. Heating is forced air, and cooling is electric with central air.
Additional improvements include dual-pane windows for soundproofing and updated electrical panels. The roof is listed as 3 years old, and the property has a flat roof. Parking is available via carport and garage.
The building was built in 1963 and is zoned INR3YY. Total size is 5,952 square feet on a 0.1809-acre lot.
Additional improvements include dual-pane windows for soundproofing and updated electrical panels. The roof is listed as 3 years old, and the property has a flat roof. Parking is available via carport and garage.
The building was built in 1963 and is zoned INR3YY. Total size is 5,952 square feet on a 0.1809-acre lot.
Key Highlights
- Five‑unit mix: two 3‑bedroom+den/1.75‑bath units, two 2‑bedroom/1.75‑bath units, and one 1‑bedroom/1‑bath unit
- 3‑year‑old roof and flat roof construction
- Forced‑air heating with electric central air cooling
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$73,726
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.83%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,474,520
$1.5M
Cap Rate 7%
$1,053,229
$1.1M
Cap Rate 9%
$819,178
$819.2K
Market Conditions
NOI Build-Up for 5,952 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$135.0K $22.68/SF
− Vacancy
−$945 −$0.16/SF
EGI
$134.0K $22.52/SF
− OpEx
−$60.3K −$10.13/SF
NOI
$73.7K $12.39/SF
Area
Inglewood, CA
Vacancy
0.70%
Lease Rate
$22.68 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,474,520
Cap Rate 7%
$1,053,229
Cap Rate 9%
$819,178
Alternative Uses
Best Use
Apartment 5plus
$1.05M
$921.6K – $1.23M
NOI $73,726 @ 7.0% cap · market cap 4.83%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.43M
$2.12M – $2.83M
NOI $169,989 @ 7.0% cap · market cap 11.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
2,516
Businesses Nearby
Explore this area
Business Placement
Demographics for 90301, CA
36,270
Population
12,884
Households
2.8
Avg Household Size
37
Median Age
20%
College-Educated
73%
High-School Grad
2.5 sq mi
ZIP Area
14,508
Density / Sq Mi
$62,991
Median Household Income
$33,884
Median Earnings
$1,658
Median Rent
$698,300
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Five-unit apartment building with forced-air heating, central electric cooling, and dual-pane windows throughout.
Where is this apartment building located?
The property is located at 320 Lime St Inglewood, CA.
What is the asking price?
The asking price for this property is $1,525,000.
What are key features of this property?
This property features: Five‑unit mix: two 3‑bedroom+den/1.75‑bath units, two 2‑bedroom/1.75‑bath units, and one 1‑bedroom/1‑bath unit; 3‑year‑old roof and flat roof construction; Forced‑air heating with electric central air cooling
